Category: Token Scam
Anatomy of a Rug Pull: How the Squid Game Token Scammed Investors of Millions
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Introduction: The Rise of Rug Pulls The cryptocurrency market has seen exponential growth in recent years, bringing both opportunities and risks. One of the most notorious scams in this space is the “rug pull,” where project creators withdraw liquidity, leaving investors with worthless tokens. Among the most infamous examples is the Squid Game Token (SQUID)…
Are Meme Coins Safe? Understanding the Risks of Trendy Crypto Investments
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Introduction: The Allure and Risk of Meme Coins From Dogecoin to Shiba Inu, meme coins have captivated the crypto world with their humor, community-driven growth, and rapid price spikes. However, behind the charm lies significant risk. Many meme coins lack intrinsic value, making them prone to volatility and scams. In this blog, we’ll dissect the…
Phishing in Web3: How to Protect Your Wallet from Fake Links
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Introduction: The Hidden Dangers of Phishing in Web3 Web3 has revolutionized the internet by decentralizing data and giving users control of their assets. However, this evolution comes with its own risks. Phishing scams—where attackers use fake links to steal sensitive information—are on the rise, targeting Web3 users and their wallets. In this blog, we’ll explore…
What to Do Immediately After Getting Scammed in Crypto
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Introduction: Acting Quickly Can Save Your Assets Falling victim to a crypto scam can be a devastating experience, but your response in the immediate aftermath can make a significant difference. With the rapid pace of blockchain transactions, time is of the essence. This blog will guide you through the crucial steps to take right after…